Agrochemical is an important industry for India as we have the largest population to feed to
Last 2 yrs were bad for industry with pricing challenges and excess supply from China
Many stocks are down 50% from highs...have they bottomed out
Some industry details👇
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Agrochemicals are chemical substance used in agriculture to enhance crop production, protect crops from pests, diseases and weeds and promote agricultural productivity
It refers to pesticides, including fungicides, insecticides, herbicides, and nematicides
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Types of Agrochemicals:
Pesticides-Includes fungicides, insecticides, herbicides and nematicides & others.
Fertilizers- Nitrogen, Potassium, Phosphorus etc
Others- Biopesticides, Plant growth regulators, Soil Conditioners, Defoliants and Desiccants etc.
(3/n)
Forms of Agrochemicals:
- Technical Grade: It refers to the purest form of an "Active Ingredient" in an agrochemical product
- Formulations: These are prepared by blending (AI's) with various additives, solvents, and other ingredients to create ready to use product
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Key raw materials and dependency on imports
- India heavily depends on imports (around 50%) for many of these raw materials, with China being a significant supplier
- Key raw materials includes intermediates like phosphorus, sulfur and various petrochemical derivatives
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Key Agrochemicals Companies in India
Indian - UPL, Dhanuka, PI Industries, Rallies India, Insecticides India, Crystal Crop Protection, Bharat Rasayan, Coromandel Int
Global - Syngenta India, Bayer, Corteva, Agriscience, BASF, Sumitomo Chemical, FMC, Monsanto
(6/n)
India Agrochemical Market size is estimated at $8.22 billion in 2024, and is expected to reach $13.08 billion by 2029, growing at CAGR of 4% during forecast period (2024-2029)
The global agrochemicals market was estimated at $253.29 bn in 2024
Top Export Countries👇
(7/n)
According to the latest data released by the WTO,
India has emerged as the 2nd largest exporter of agrochemicals in the world
The rank was sixth, 10 years ago
India is growing as a Leaders in Innovation to Reduce Manufacturing Cost
(8/n)
Demand for agrochemical products is influenced by several factors:
- Agricultural Practices
- Population Growth
- Pest and Disease Pressure
- Crop Diversity
- Technological Advancements
- Government Policies and Regulations
- Climate Change
- Upcoming off Patent
(9/n)
Challenges for the Agrochemical and Crop Protection Industry:
- Regulatory Compliance
- Resistance and Pesticide Tolerance
- Environmental Concerns
- Consumer Awareness
- Availability and Cost of Raw Materials
- Crop Resistance
- Competition
- Cyclical Business
(10/n)
Sources Referred:
expertmarketresearch.com/reports/india-…
mordorintelligence.com/industry-repor…
careratings.com/uploads/newsfi…
blueweaveconsulting.com/report/india-c…
theindustryoutlook.com/manufacturing/…
mordorintelligence.com/industry-repor…
apps.fas.usda.gov/opendataweb/ho…
maximizemarketresearch.com/market-report/…
theindustryoutlook.com/services-and-c…
straitsresearch.com/report/agroche…
grandviewresearch.com/industry-analy…
mordorintelligence.com/industry-repor…
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